Vietnam needs policies to enable the electronics industry to ready its supply chain as the country becomes ever more attractive for investment, Deputy Director of the Industry Agency under the Ministry of Industry and Trade Pham Tuan Anh said.

Vietnam’s electronics industry, an increasingly important sector of the country’s economy, continues to grow despite the negative impact of the COVID-19 pandemic, according to the Ministry of Industry and Trade (MoIT).

Despite complicated developments of the COVID-19 pandemic, Vietnam is still chosen by many foreign investors as a destination to build production bases, especially in the electronics industry, according to Fitch Solutions.

Vietnam’s electronics industry has been affected by the pandemic, a trend that could increase global chip shortages and lower electronics output.

The electronics industry in the last six months of the year is forecasted to be still greatly affected by the COVID-19 pandemic, which reduces demand in the US and European markets.

The Vietnamese electronics industry is anticipated to continue being hit by the challenges brought about by the increasingly complicated hurdles caused by the COVID-19 epidemic during the second half of the year, 

 VietNamNet Bridge – The semiconductor industry is a growing sector in Viet Nam and has attracted many foreign investors. Viet Nam News reporter talks with Ng Kai Fai, president of SEMI Southeast Asia,

 VietNamNet Bridge – Phan Dang Tuat, former Director General of the Institute for Industry Policy and Strategy, spoke to Hai Quan (Customs) newspaper on how to develop support industries in Viet Nam.

 VietNamNet Bridge – Foreign direct investment has been the catalyst for economic growth in Vietnam over recent years, and capital investment by foreign enterprises continues to set the pace for development of the nation’s support industries.

VietNamNet Bridge – The Government has approved four action plans in an effort to fulfill the Viet Nam Industrialisation Strategy formed as a part of the Viet Nam – Japan cooperation framework until 2020 with a vision to 2030.

VietNamNet Bridge – Vietnam’s electronics industry has grown by leaps and bounds in recent years owing largely to the foreign direct investment sector, and the country is striving to boost supporting industries to further bolster the sector.